Zacks Investment Research
Can MFC Improve Global WAM Growth and Sustain Positive Net Flows?
Manulife Financial (MFC) reported declining net inflows in its Global Wealth and Asset Management division, with Q2 2026 inflows falling to C$0.4 billion from C$0.9 billion year-over-year. While retail outflows narrowed and core earnings rose 9%, significant retirement net outflows of C$4.9 billion pose challenges. The stock trades at a premium valuation of 12.94x P/E versus the industry average of 10.53x, earning a Hold rating.
